555 Davenport Road, Toronto, ON M5R 3R6
Casa Loma · C02 · M5R 3R6
$27,000,000
$413 / sq ft8 months on market
- Total area
- 65,360 sf
- Lot
- 128.37 × 189.49 ft
What's special
- Outside/surface garage
- Yes
About this property
Freestanding 65,360 sf building spanning four levels. Average floor plate size of 16,300 sf. Ideal user and/or investor opportunity. The Property has approximately 20 on-site parking spaces, one elevator, one drive-in door, and is located on a prominent corner across from Casa Loma. The building was previously utilized for an institutional use as the George Brown Dental School. The current buildout of the building consists of classrooms, meeting rooms, offices, large board rooms, washrooms, loading area, reception area, and three double ceiling height rooms on the main floor. The building is currently leased short-term by an entertainment company for storage and workshop uses. Vacant possession can be provided or assumption of the current tenant with flexibility to terminate to gain possession. The building can be repositioned for office, educational, medical, and other uses subject to review of zoning. The Property is situated in Toronto's prestigious Casa Loma neighborhood, offering an exceptionally central location with convenient access to Downtown and the City's affluent residential districts, including Rosedale, Summerhill, and Forest Hill. Transit connectivity is anchored by Dupont Station on Line 1 (Yonge-University), located approximately 350 metres from the Property, providing access to Bloor-Yonge, the Bloor-Danforth Line, Union Station, and the Financial District. The Vendor has enhanced the Property by advancing and securing key planning approvals that reposition the Property for future redevelopment. Approvals have been obtained for a 10-storey mixed-use development with 168 residential units over 139,952 square feet. For an owner-occupier and/or investor, these approvals provide the ability to utilize the existing building today while holding a clearly defined, value-enhancing entitlement framework that can be leveraged over time as needs evolve and market conditions change.
Property details
Property
- Property type
- office
- Interior size
- 65,360 sq ft
- Lot size
- 128.37 × 189.49 ft
- Zoning
- R3 Z2.0, RA (226)
- Possession
- Upon Closing
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
- Sewer
- Sanitary+Storm
Costs
- List price
- $27,000,000
- Property taxes
- $102,381 / year (2025)
- Price per sq ft
- $413
Listing
- MLS® number
- C12793378
- Status
- For sale
- Listed
- February 17, 2026
- Days on market
- 261
- Last updated
- June 15, 2026
- Listing brokerage
- CUSHMAN & WAKEFIELD
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 100% of comparable office listings in Toronto are asking less.
- This home
- $413 / sq ft
- Comparable median
- $621 / sq ft
Based on 96 comparable active office listings in Toronto. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $119,430.11
- Property tax (est.)
- $8,531.74
- Estimated monthly
- $127,962
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $661,475
- Toronto municipal
- $1,591,475
- Total due on closing
- $2,252,950
An estimate on the asking price of $27,000,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CUSHMAN & WAKEFIELD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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